Opinion On-Chain Prediction Market Raises $20 Million

• Gambling News
• 04 February 2026

In a pre-Series A round, Opinion Labs, the business responsible for the Opinion Trade prediction, raised $20 million from a number of investors.

The financing round included participation from Decasonic, Hack VC, Jump Crypto, and Primitive Ventures, among others, adding to the capital raising news on Wednesday. Opinion settles event contracts on-chain, just as competitor Polymarket. The BNB Chain is the blockchain under consideration in this instance. That approach differs from Kalshi's centralized settlement strategy.

Although Opinion's estimated worth was not disclosed, it is evident that venture capitalists are still eager to support prediction market players. Since Opinion hasn't reached Series A fundraising, investors don't have to spend hundreds of millions or billions of dollars to get a piece of the action like they would with Kalshi and Polymarket, which may appeal to some of those financiers.

Both of those businesses were worth at least $10 billion as of November of last year. The announcement that Kalshi's valuation has increased to $11 billion coincides with rumors that rival Polymarket is negotiating a new funding round that could raise its multiple to at least $12 billion, but there is some conjecture that investors may value Polymarket as much as $15 billion.

What is the extent of opinion?

Given that the platform isn't accessible in this nation, Opinion is arguably the largest prediction market company that the majority of Americans are unaware of. In China, it is likewise forbidden.

Put another way, the company's success is admirable given that traders in the two biggest economies in the world cannot purchase its product. In fact, Opinion has been successful in the world of prediction markets. According to recent data, the company commands a third of volume and more than half of global even contract fees, making it a competitive rival to Polymarket and Kalshi.

Even when cryptocurrency prices decline, those data factors may motivate more seasoned investors to assess opinion. After raising $5 million from YZi Labs, Animoca Ventures, and other sources, this is Opinion's second capital raise.

Opinion's volume during the last week was third, only surpassed by Kalshi and Polymarket. According to data from Dune Analytics, the company has more than 185,000 clients.

Opinion Distinguishes Itself from Competitors

Opinion sets itself apart from competitors like Kalshi and Robinhood by not concentrating on single-game derivatives, even though it offers a respectable quantity of sports event futures. It also doesn't use parlays to lure bettors.

Instead, the company is more interested in event contracts based on a variety of factors, including pop culture, politics, macroeconomic news, cryptocurrency pricing, and even token-generating events (TGEs). In actuality, very few of the most recent contracts that are accessible on Opinion have anything to do with athletics.

Speaking of TGEs, Polymarket traders are pricing in a high probability that Opinion will introduce a native token under the ticker "OPN" as early as this month, and it seems certain that this will happen by the end of March.